Ok, today is where the PREM levels switched over. Holy smokes we started out today in crash mode, with a spike to -$7+.
For Thursday September 12, 2002
For Execution of Buy/Sell Programs
Our FairValue for the S&P 500 today is $1.75. That price will not change during the day. Our computers are set for program buying at $3.02 and set for program selling at $--.52. If you would like to watch these program trading premium execution levels, the symbol is PREM (sp-prem, @prem, and sometimes $prem on good data feeds; prem.x, $sps, $spinx, and any other weird ticker symbol on horrible ones).
Our FairValue for the NDX 100 today is $.93.